We are pleased to announce that we advised one of the shareholders of Nethone sp. z o.o. (“Nethone”), II Aria AIFM spółka akcyjna ASI spółka komandytowo-akcyjna (a Polish limited joint stock partnership) (“ARIA”), on the sale of a minority stake in Nethone, to a private equity fund, Advent International, which owns the MangoPay group.
The acquisition of Nethone by Advent International, and its integration into the MangoPay Group, is the next step in the fund's investment strategy, launched in spring 2022, to create a global technology leader in payment and authentication infrastructure in the market.
ARIA is a growth fund investing in technology companies from Central Europe and actively supporting them across a broad spectrum of business development issues.
Nethone is a Polish technology company involved in the prevention of payment fraud in online channels. It enables online retailers and financial institutions to comprehensively understand their users (both good and bad) thanks to its profiling technology.
MangoPay is a fintech company providing payment infrastructure solutions for merchant platforms.
“We are pleased to have had the opportunity to support the ARIA fund in this transaction and that ARIA's portfolio companies are growing in terms of technology and products. We would like to thank the ARIA team for their trust and congratulate all parties involved," says Filip Leśniak, a partner at Rymarz Zdort.
The transaction team consisted of Filip Leśniak (partner) and Jakub Krzemień (counsel).